seattle prattle wrote:
Racket wrote:
Ha! I actually held TZA for like two months and that was fun. But yeah, it's always something. I thought if you hold less than a year then it just counts as regular income? I know you can write off or deduct losses which I looked into until I gained it all back
A year holding period to qualify for long term cap. gains sounds about right. I generally don't sweat it just becuase i actively trade in my IRA accounts so i don't get hit with short term cap. gains.
Turnover in the cash accounts, which i do have to pay taxes on, is just about nil except this year.
The only time i tried TZA, i lost a little. Shorting is not my strongpoint.
In 2018 the capital gains tax rates are either 0%, 15% or 20% for most assets held for more than a year. Capital gains tax rates on most assets held for less than a year correspond to ordinary income tax brackets (10%, 12%, 22%, 24%, 32%, 35% or 37%).